Continuing on the momentum of its popularity, a slew of South Korean beauty companies have too released personal color system-related goods as a part of its marketing tactic. South Korea's first personal color-related goods started with Espoir, a cosmetic brand under the nation’s beauty and cosmetics conglomerate Amorepacific. Named Real Eye Handy Palette, the eyeshadow palettes composed of sel...

LG Electronics debuted its new air-purifying electronic mask in Korea on Thursday, becoming the first company to get approval for the sale of the mask in the country. Approved by the Korea Conformity Laboratories for its filtration capabilities, the company said the LG PuriCare mask had removed 99.9 percent of the 0.01 micrometer-sized impurities within the mask, allowing a clean supply of air f...

The Ministry of Science and ICT on Tuesday released the results of its investigation into the nation's worst-ever server shutdown in October, calling for all stakeholders -- SK C&C, Kakao and Naver -- to come up with emergency response system. On Oct. 15, a fire broke out in the battery room on the third basement floor of the SK C&C Pangyo Data Center at Pangyo, Gyeonggi Province. The fire at t...

Vietnamese President Nguyen Xuan Phuc on Monday held meetings with a slew of business leaders here, during a state visit to commemorate the 30th anniversary of bilateral ties between South Korea and Vietnam. Jung Won-ju, vice chairman of Jungheung Group, the largest shareholder of Daewoo E&C, was among the business leaders the president met to share the Southeast Asian country’s business outlook...

South Korean business moguls joined a banquet hosted by President Yoon Suk-yeol on Monday to commemorate Vietnamese President Nguyen Xuan Phuc’s state visit to Seoul. Following their summit talks earlier in the day, the two presidents held a state dinner, with a slew of business and political leaders in attendance. The list of the attending tycoons included: Hyundai Motor Group Chairman Chung E...

Apparel prices surged by the largest margin in more than a decade last month, government data showed Monday. According to data from the Korean Statistical Information Service, in November, the consumer price index for clothing and shoes in the country put prices at 107.33 -- up 5.5 percent from the same month last year. CPI gauges the measure of the average change in prices for a fixed-market b...

Shares of Posco companies fluctuated Thursday after one of its two unions decided to leave the Korean Metal Workers’ Union, considered one of the most hard-line labor groups here, via ballot a day earlier. In a ballot held for three days, almost 70 percent of the Posco unionists voted in favor of the departure. The KMWU falls under the Korean Confederation of Trade Unions, the nation’s largest a...

Oriental Brewery's flagship beer brand Cass secured the top market share in the domestic beer market in October and seeks to continue its momentum via various promotions related to the World Cup, said the country's largest beer maker Wednesday. According to market research firm Nielsen Korea, Cass logged the largest market share in the off-trade market for the beer industry in October. Off-trad...

Among imported beers, Chinese brands were imported the most to South Korea according to data on Tuesday -- successfully reclaiming the top position after weathering dwindling profitability for years due to a nationwide reluctance to use Chinese products during the pandemic. According to data from the Korea Customs Service, $31.16 million of Chinese beer was imported into the country in October -...

South Korean builder Daewoo E&C said on Tuesday its design prowess has been recognized again with a prestigious design award, continuing its winning streak through its brands, including their flagship apartment brand Prugio. The company said two of its entries won Bronze Prizes at the Good Design Award 2022 -- an esteemed design award ceremony hosted by the Ministry of Trade, Industry and Energy...

SK Inc, the strategic investment arm of SK Group, said Thursday it invested in a food-tech startup specializing in cultured salmon, in a bid to diversify its investment portfolio in food business. The holding unit of the nation's third-largest conglomerate said it invested 10 billion won ($7 million) in Wildtype, a United States-based producer of cultured salmon. Cultured salmon is salmon that ...

The production of the country's first homegrown COVID-19 vaccine was indefinitely suspended Tuesday, amid the slowdown in demand for vaccines tailored to combat SARS-CoV-2, the original strain of coronavirus. According to industry insiders, South Korean vaccine maker SK Bioscience suspended the production of finished SKYCovione products. However, despite the suspension of final products, the va...

Business leaders and experts gathered Tuesday at the headquarters of the Korea Chamber of Commerce and Industry to discuss the current bearings of South Korean retail industries and plans they should undertake going forward. Woo Tae-hee, executive vice chairman of the KCCI, said that according to a survey conducted by the KCCI, "worsening consumer confidence" was chosen by some 300 retail indust...

South Korean e-commerce giant Coupang said on Monday it will be holding special promotions for products directly imported from overseas, in commemoration of global shopping event Black Friday. The event, which continues through Sunday, provides discounts and coupons for users who buy directly imported goods from Rocket Delivery, Coupang's 24-hour delivery service. Users of Rocket Jikgu, Coupang'...

The Ministry of SMEs and Startups said Monday that local startups saw record-breaking growth in diverse sectors as they work to meet the needs of consumers amid the pandemic. According to the ministry, the number of startups whose sales exceeded 100 billion won ($73.8 million) was 739 companies as of end of 2021, a 16.7 percent increase from a year prior. Of the 739 startups, 569 logged 100 bill...